The Russian Central Bank predicted that the Russian economy would return to positive levels by 2024.
In the context of its expectations regarding the development of the Russian economy during the next three years, the Russian Central said: “According to expectations, Russia’s gross domestic product will be negative next year, with positive levels ranging between 1.5 and 2.5 percent by 2024.
The Central Bank also expected that the main interest rate in the year 2023 will be in the range of 6.5 and 8.5 percent, to decline in 2024 to a level between 6 and 7 percent, and by 2025 to 5 and 6 percent.
The inflation index is expected this year to reach between 12 and 15 percent, to decrease between 5 and 7 percent in 2023 and to 4 percent by 2024.
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